Trek Metals secures new tenement application for Christmas Creek Project

Trek Metals Limited (ASX:$TKM) has secured a new tenement application, ELA 80/5996, for the Christmas Creek Project in the Kimberley Region of Western Australia. The additional tenement expands the landholding for the district-scale greenfields gold and rare earths exploration opportunity, positioning Trek for significant exploration potential.

Executive Commentary on Tenement Acquisition

Trek's CEO Derek Marshall expressed, 'We are very fortunate to have secured this additional tenement, expanding our landholding at the Christmas Creek Project along an interpreted key structural corridor. The Christmas Creek Project is exceptional new growth opportunity for Trek. It is very rare for a junior like us to be able to get our hands on a district-scale exploration asset such as this, particularly one that used to sit within the global exploration portfolio of a major company such as Newmont. We are very excited by this acquisition, and we see the Christmas Creek Project not only becoming a pivotal asset for the Company but also an emerging centre of multi-element exploration and discovery in Western Australia. We are looking forward to hitting the ground running in 2024.'

Summary of Tenement Acquisition and Outlook

Trek Metals' acquisition of the new tenement application, ELA 80/5996, for the Christmas Creek Project marks a significant expansion of the company's landholding in the Kimberley Region. The project, previously part of Newmont's global exploration portfolio, presents a rare opportunity for Trek to explore a largely concealed district-scale gold and rare earths exploration prospect. The additional tenement enhances the company's potential for significant multi-elemental exploration, including rare earths potential adjacent to RareX's Cummins Range REE Project. With the CEO expressing enthusiasm and optimism for the project's geological credentials and exploration potential, Trek Metals is poised to leverage this acquisition to drive exploration and potential discoveries in 2024 and beyond.